Sean "Diddy" Combs will open a charter school in his old neighborhood of Harlem next fall, according to the Associated Press.

The rapper-entrepreneur worked for five years to make Preparatory Harlem Charter School, a free public school for students in grades 6-12, a reality. Admission is open to all New York state residents, and applications are open until April 1, after which 170 sixth and seventh graders will be accepted in its first year. Enrollment will expand until the school reaches 700 students. Iyanla Vanzant, host of OWN's Iyanla: Fix My Life, is among its board members.

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Calling the school a dream come true, Combs said in a press release, "I want to impact the lives of young people in my community, and build future leaders. The first step is offering access to a quality education."